MTECHTIPS MCX SILVER INTRADAY trading tips 10-03-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 10-03-2017
MTECHTIPS Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Silver. The oscillator is showing SELL signal For short term Silver is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Silver is 40613.Resistance for the Silver is 41404-41647-41909-42648-42696-42772-
Short term and Intraday Level of SILVER

Silver and closed below 1 week low with volume signals down breakoutCurrently Silver is in SELL position Silver has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below40395.2 Buy if above 42799.0 The Silver is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 41274.3 with a stop at 40573.7 Below 40395.2 go for sell
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